Call Us Today For A Free Quote | 866.940.1101
Professionals Insuring Professionals

Cyber Insurance Data Breach Insurance PolicyWhat can be done about Data Breach or a Cyber Attach?

Prevention is always the best medicine:

1.    Training employees on the proper methods for handling the devices, passwords and how to use the internet and cloud.

2.    Keeping current with operating systems and application software updates

3.    Having up-to-date antivirus and data breach software installed system wide.

4.    Practicing good computer habits, ie changing passwords and using complex passwords.

5.    Separations of duties

6.    Have “trusted” employees take at least a consecutives week off a year for vacation.

If prevention does not work, Data Breach/Cyber Liability Insurance offers 1st party and 3rd party coverage.  It needs to respond to the following exposures:

1st Party Claims

1.    Incident Response Services

2.    Ransom demands to unlock your system.

3.    Notification requirements costs from federal & state laws & regulations to your clients that have suffered a data breach

4.    System assistance in restoring your systems and data

5.    Loss of income for the time that it takes to recover from a data breach

6.    Harm to reputation & goodwill

7.    Crisis Management and public relations costs

3rd Party Claims

1.    Damages to clients that have suffered a data breach

2.    Cost of defense to defend you from these claims

3.    Regulatory Violations, fines and penalties that may be accessed against the firm


Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive

View Mobile Version
Quick Contact
We love referrals! And thank you even more for your continued business.
Customer Service
Self policy service any time of the day, directly from our website.
Join Our Newsletter
Stay in touch with the latest events, news and offers we have.
From Our Blog From Our Customers
Read More Read More
Stay In Touch With Us Helpful Site Links Read the News
Sign up now to receive new and updates Stay up-to-date with the latest industry, community and agency news through our newscenter. We also provide handy hints on how to save on your insurance.

Read More
We have the expertise to find you the right coverage at the right price 
Powered by Insurance Website Builder